While commodity film margins remained subdued, the company achieved higher earnings before interest, taxes, depreciation and amortisation (EBITDA) [from Rs 36.6 crore in Q1 FY18 to Rs 43.4 in Q1 FY19 (a 19 per cent increased year-on-year). This was attributable to enhanced operational efficencies, volume increase and a better sales mix. The company, whose profit after tax (PAT) was Rs 9.2 crore in Q1 FY18, posted PAT amounting to Rs 10.1 crore in Q1 FY19.
The company’s earning per share (EPS) in Q1 FY18 was Rs 4.8 crore. It rose to Rs 5.3 crore in Q1 FY19. Commenting on the company’s financial performance, Pankaj Poddar, chief executive officer, Cosmo Films Ltd, said, “The company remains consistent in its approach by focusing on internal efficiencies such as lines productivity, better sourcing and improving the sales mix. Improvement in overseas subsidiaries operations has also started yielding results.”
